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According to the company, it expects Bitcoin and other cryptocurrencies to become more commonplace, particularly as tokens become more environmentally friendly.
Seety, a Belgian digital parking firm, has added crypto payment support for parking tickets.
According to a report by DataNews on Thursday, the company, which is one of the firms bootstrapped by Belgian accelerator program Start it @KBC, has rolled out a crypto payment feature in Antwerp and Brussels.
Seety customers will be able to pay for parking tickets in both locations using Bitcoin (BTC) beginning Thursday.
Customers can utilise cryptocurrencies such as Ether (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), and Litecoin (LTC) in addition to Bitcoin, as well as stablecoins such as Dai and USD Coin (USDC).
Customers who want to utilise cryptocurrency to pay for a parking place will use the “coins” to purchase Seety credits through the company’s app. Customers will not be charged any additional costs if they use cryptocurrency, according to the article.
According to reports, the Seety app has over 355,000 users in Belgium and the Netherlands and aims to have an annual income of more than 2 million euros ($2,372,002.28) by 2022.
For the company, using crypto to pay for parking spaces is indicative of how cryptocurrencies will eventually gain greater adoption in everyday microtransactions. Seety expects crypto adoption to grow once tokens become more environmentally friendly.
The use of Bitcoin to pay for parking tickets dates back to 2014, with the now-defunct Brawker app. Crypto payment solutions for microtransactions are becoming increasingly popular, even if considerable barriers remain in the way of broader use.
Crypto credit cards and stablecoins are also assisting in the simplification of the cryptocurrency spending process, as well as making it easier for retailers to integrate cryptocurrency payment alternatives into their platforms.
Visa just claimed that its crypto-enabled cards processed over $1 billion in bitcoin spending in the first half of 2021, as previously reported.